This lecture contextualizes the Yugoslav state disintegration in the broader historical trend of the neoliberalization of the world economy and the global extension of capitalism in the 1980s. The Washington Consensus and the adjustment programs of the International Monetary Fund played a key role in these processes. They acted as a non-economic means to reinforce the market forces in indebted economies of the Global South and to spread capitalist private property regime to territories of historical socialisms. We will discuss the reasons for the Yugoslav debt crisis, the main characteristics of the crisis management and its socio-political consequences. The “Washington Consensus for Yugoslavia” implied both the change towards the reinforcement of market criteria and dependent integration on the markets of the European core countries, as well as the recentralization and financial “disciplinarisation” of the state apparatuses. This agenda prolonged and deepened the economic and social crisis, and faced a considerable resistance from the working classes as well as from the Party leaders (of powerful republics). Whereas the first mostly protested against the reinforcement of market mechanism, the second feared the loss of their power and the control over their “economies” and the redistribution of the burden of the crisis. However, due to considerable decentralization and the fact that the central authorities had no solution to the crisis, the Washington Consensus contributed both to the reinforcement of separatist social blocs and the discreditation, and finally abolishment of the social property and self-management.